Paytm Turning Out To Be Savior Of Common People Of India

The
ongoing demonetization implementation by Indian Government to remove 500 &
1000 currency note worried many citizens and vendor of India. We have observed
long queues outside banks to exchange Demonetized currency note but at the same
time common citizens are happy with government decision & cooperating with
the system. Any tough decision to improve the country financial sector followed
by subsequent sector brings hassles and same is getting experienced by common
people.

Many
claimed small vendors to cab drivers to travelers to vegetable sellers are
facing problem and I partially agree to that. The recharge and money transfer
application Paytm is acting like a savior for many including professionals.

Most
of the shopkeepers to citizens are buying their goods using Paytm payment
mechanism wherein the hassles experienced by the common people got reduced.

You
must have observed that long queue outside banks are getting reduced as many of
us found the way to ensure that how we don't get impacted. I went to shopkeeper
to buy few items and asked him about debit or credit card acceptance and was
shocked when he said that we are accepting Paytm payment. It's encouraging that
shop had no facility of debit and credit card acceptance tool but was happy
with Paytm.

I
must congratulate Paytm management & employees for their hard work to help
India during difficult transition.

About
Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.